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originally posted by: olaru12
a reply to: JAGStorm
I know it's your thread but my rant wasn't really directed at you specifically. It was directed at mainly the complainer, fingerpointing, crybabies that inhabit ATS like a strain of nasty flu. Meme depositing intellectual cripples just trying to make points, stars and flags with inane clickbait topics, no conversation or discourse, one liner bull sh!t. Your thread isn't like this at all and I've enjoyed it!!
originally posted by: DontTreadOnMe
a reply to: carewemust
Pension funds are supposed to be private.
Hell, even public pensions a tent the same level of safety as Social Security.
originally posted by: shawmanfromny
a reply to: JAGStorm
I agree with you 100% and I'm a former Teamster who worked for nearly 31 years at United Parcel Service.
I retired back in 2016 and worked my tail off, putting in sometimes 12 hours a day, as a driver for 6 years, then loading trucks for nearly 25 years on the midnight shift. A lot of wear and tear to my body, which resulted in two disc herniations back in 1999, which caused me much pain over the last 17 years of my career. The only thing that motivated me to endure the pain and physical hardships, was the promise of a nice pension after I retired. Our local union president and business agents would always mention how great our pensions were and how lucky we were to be a Teamster...yeah right.
To make a long story short, my pension was reduced in 2017 by 29%. The Teamsters mainly blamed it on the market losses in 2008 and the loss of a number of participating trucking companies through consolidation or bankruptcy. This caused our multiemployer pension plan to reach "critical status" which resulted in drastic pension cuts.
Many Teamster members also blamed the union for making poor decisions managing the fund, which resulted in a huge loss after the 2008 market crash. Regardless of the reason, the pension cut has hurt me financially, but at least I made sound investments and my wife still works at a local college. My late father told me to never make plans for something that might not happen, because life will always throw you a curve ball. I prepared for that "curve ball," because you have to prepare for the unexpected. You just can't expect others to help you out when the # hits the fan.